Posted on 03/31/2011 11:41:43 AM PDT by The Magical Mischief Tour
Its USAToday so link only.
http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm
Hershey’s announced last night they are raising prices by 10%.
Imwas at the store today and picked up a pack of underwear. Went up bout 20% since last year.
Yet we are to believe inflation is running around 2%.
I’m not buying it. Most of Walmart’s products are made in China. China has pegged it’s currency to the US dollar so any devaluation of the dollar = an equal devaluation in the yuan.
About the only increase in Walmart’s prices could only be caused by an increase in the price of oil / transporting goods from China to the US.
I bottled up 15 gallons of homemade wine this week (it’s excellent BTW). I am currently dehydrating onions and developing a plan to dehydrate hundreds of pounds of food stuffs that will lend themselves to dehydration. Looking into bulk dried beans right now. I’m thinking any food you can buy now and keep sitting around indefinitely is a good investment.
Commodity prices are all increasing.
About the only increase in Walmart’s prices could only be caused by an increase in the price of oil / transporting goods from China to the US.
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I can’t remember, does it take a lot of fuel to get the US from China?
I can think of a lot of good reasons to have a supply of food on hand. At the very least it looks like a 10 to 15 percent ROI. Not only that, you can eat it. :)
Yeah, if you drive..........
Thank you QE 1&2...
Where did we think all the money was going?
I’m only surmising that the economy is/was so bad that inflation didn’t kick in sooner....but you cannot print so much cash and not have it happen...
I guess some people only learn when they start going hungry.
If you are in a Volt 40 miles of that will be on your batteries ...
Prices should be rising generally along with the cost of fuel; however, inflation driven by monetary policy should also be on the rise, and it doesn’t appear to be.
Not if you drive thru Siberia................
“I’m not buying it. Most of Walmart’s products are made in China. China has pegged it’s currency to the US dollar so any devaluation of the dollar = an equal devaluation in the yuan.”
You are misinformed. There have been substantial pay increases provided to Chinese workers. Raw materials almost across the board have increased substantially. The increased fuel costs are just getting factored into the equation.
The problem with your analysis is the inflation in China. The workers in China, poorly paid before the inflation, have been screaming about inflation. The peg is an important reason for Chinese inflation. We have been successful at exporting inflation but we will soon experience strong inflation. Buy now is my advice.
Rightly Biased wrote:
If you are in a Volt 40 miles of that will be on your batteries ...
Yep! And about thirty thousand dollars(conservative estimate) of that will be in your Volt. At a savings of about, let’s say, 2000 bucks a year(not likely).....nah, I’ll keep my Jeep. I might even give you a ride when you run out of juice on the Interstate.
That cost is increasing as well due to CA air pollution idiots trying to regulate the diesel fuel used in ships traveling in CA waters. Ships normally burn dirt cheap "bunker" grade oil. Lots of sulfur. CA wants to force them to use low sulfur diesel. Much more expensive. That cost will be passed on if they want to unload at a port in CA.
is there another way?
Sarcasm
I use it often here...
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